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Erbosan Erciyas Boru Sanayii ve Ticaret A.S.

Erbosan Erciyas Boru Sanayii ve Ticaret A.S.

BBIST:ERBOS
96.90
TRY
-0.60
(-0.62%)
-2.37EPS
3.67BMarket Cap
Erbosan Erciyas Boru Sanayii ve Ticaret A.S.
BIST:ERBOS
(Istanbul Exchange)

Recent

price

96.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
6.09
9.15
9.25
10.6
12.25
12.45
13.78
19.65
28.19
30.19
28.57
64.82
238.08
274.33
295.14
278.98
279.41
Revenue per Share
0.35
0.61
0.8
0.76
1.18
0.87
1.82
2.73
3.6
3.28
4.28
9.82
6.32
-10.74
-14.44
-6.49
-2.37
Basic EPS, GAAP
-0.25
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.18
0.18
0.25
0.25
0.26
0.26
0.37
0.65
1
1.15
0.5
1
3.6
2.58
3.67
- -
- -
Dividend per Share
3.95
4.39
4.94
5.45
6.36
6.96
9.44
11.47
14.05
16.4
24.13
33.28
100.05
145.04
200.09
175.59
187.75
Book Value per Share
3.95
4.39
4.94
5.45
6.36
6.96
9.44
11.47
14.05
16.4
24.13
33.28
100.05
145.02
200.06
175.56
187.7
Tangible Book Value per Share
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Basic Weighted Avg Shares
122
183
185
212
245
249
276
393
564
604
571
1,296
4,762
5,487
5,903
5,580
5,585
Sales/Revenue/Turnover
5.03
7.86
6.64
8.96
10.53
7.28
11.31
13.96
14.68
10.16
11.84
16.81
14.54
11.56
4.32
5.55
5.7
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
2
1
4
2
2
Depreciation Expense
7
12
16
15
24
17
36
55
72
66
86
196
126
-215
-289
-130
-47
Net Income, GAAP
15.75
16.56
13.58
14.79
14.62
17.58
15.29
17.23
18.93
17.17
13.91
19.74
59.55
- -
- -
- -
- -
Effective Tax Rate (%)
5.82
6.7
8.68
7.12
9.63
7.01
13.19
13.9
12.77
10.85
14.99
15.14
2.65
-3.92
-4.89
-2.33
-0.85
Profit Margin (%)
46
55
71
78
90
97
123
164
215
260
310
491
1,480
1,789
2,032
1,907
2,038
Working Capital
- -
- -
6
5
3
1
- -
- -
- -
- -
- -
- -
- -
43
- -
- -
- -
LT Debt
79
88
99
109
127
139
189
229
281
328
483
666
2,001
2,901
4,002
3,512
3,755
Total Equity
7.65
13.37
10.5
12.77
14.43
9.58
15.77
21.2
14.2
15.29
13.18
30.88
19.49
- -
- -
- -
- -
Return on Invested Capital (%)
10.57
14.46
16.43
13.21
17.04
12.45
21.89
25.99
27.58
18.18
17.67
25.45
8.67
- -
- -
- -
- -
Return on Capital (%)
10.88
14.7
17.21
14.54
19.98
13.11
22.17
26.1
28.2
21.52
21.13
34.19
9.48
-8.76
-8.37
-3.45
- -
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,083
854
631
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
3,784
3,600
3,672

Working Capital

TRY

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,961
3,018
2,999
Cash, Cash Equivalents & STI
346
495
350
Accounts Receivable, Net
1,174
1,136
1,167
Inventories
1,218
1,159
1,276
Total Current Liabilities
1,242
1,111
961
Payables & Accruals
- -
- -
- -
ST Debt
1,083
854
631
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
45.27%
61.84%
-12.24%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
1.5%
-39.4%
-55.06%
Sales/Revenue/Turnover
51%
82.31%
-5.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,367
1,150
1,391
1,370
5,903
2025
1,412
1,212
1,454
1,592
5,580
2026
1,327
- -
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-4.74
3
-6.73
-4.36
-14.44
2025
-12.1
0.61
1.56
1.83
-6.49
2026
-6.37
- -
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.17
3.67
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Erbosan Erciyas Boru Sanayii ve Ticaret A.S. is a Turkey-based industrial manufacturing enterprise primarily engaged in the production, finishing, and commercial distribution of longitudinally welded steel pipes, industrial tubes, and structural hollow sections. Founded in 1974 and headquartered in Kayseri, Turkey, the company serves a global customer base across the building construction, civil engineering, water and gas distribution, agriculture, automotive, and general metal fabrication industries. The company's core product portfolio comprises standard black and hot-dip galvanized steel water and natural gas transmission pipes; square, rectangular, and circular structural hollow sections for structural engineering and architectural applications; high-precision industrial and furniture tubes; boiler, steam, and greenhouse heating pipes; grooved, threaded, and coupled installation piping systems; as well as cold-formed open steel profiles and customized slit steel coils. Erbosan operates integrated manufacturing, slitting, welding, and galvanizing facilities in the Kayseri Organized Industrial Zone and distributes its output domestically and internationally, exporting to over 80 countries across Europe, the Middle East, Africa, and the Americas through established trade networks and distribution subsidiaries. In recent strategic developments, Erbosan has executed major operational modernization and sustainability investments, including the commissioning of large-scale rooftop solar photovoltaic power plants across its manufacturing complexes to enhance energy self-sufficiency and align with European Union Carbon Border Adjustment Mechanism requirements, alongside capacity optimization upgrades in its high-frequency welding lines and hot-dip galvanizing infrastructure to increase production yields of high-value-added heavy-duty structural profiles and precision industrial tubes for expanded European and transatlantic export channels.